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CA AB2795

Bill

Official Source

Status

Introduced

2/20/2020

Primary Sponsor

Mike Gipson

Click for details

Origin

State Assembly

2019-2020 Session

AI Summary

  • Establishes the "New Americans Incentive Tax Credit" for tax years beginning January 1, 2021 through December 31, 2024, providing $725 per eligible member
  • Defines "eligible member" as an individual naturalized as a U.S. citizen within the 12-month period preceding the start of the taxable year
  • Allows $725 credit for taxpayer and/or spouse if eligible, plus an additional $725 for each qualifying child under age 19 who is an eligible member
  • Joint filers with both spouses as eligible members receive $1,450; joint filers with one eligible spouse receive $725
  • Takes effect immediately as a tax levy and repeals on December 1, 2025

Legislative Description

Personal income taxes: credits: New Americans Incentive Tax Credit.

Last Action

Re-referred to Com. on REV. & TAX.

5/5/2020

Committee Referrals

Revenue and Taxation4/24/2020

Full Bill Text

No bill text available